20 Bed House in Kirkwood

Investment Opportunity - R7.6 million + VAT

Welcome to Kirkwood, a charming town nestled in the heart of the Eastern Cape, renowned for its thriving citrus industry and close-knit community. Here, properties are scarce, making this investment opportunity truly unique and valuable.

This expansive property spans two plots and features 8 living units and a commercial building divided into two units.

Living Units Summary:

Unit 1:

Private electric gate entrance from the street.

Enclosed yard with a double carport.

Porch with a built-in braai.

Open plan lounge and kitchen.

3 bedrooms with built-in cupboards.

2 bathrooms.

Kitchen with built-in cupboards, oven, and hob.

Unit 2:

Private electric gate entrance from the street.

Double carport, braai area, and porch.

Open plan lounge and kitchen.

Courtyard with washing lines.

3 bedrooms with built-in cupboards.

1 bathroom.

Unit 3:

Courtyard and double carport.

Undercover braai area.

Lounge.

3 bedrooms with built-in cupboards.

1 bathroom.

Unit 4:

Undercover braai area.

Open plan lounge and kitchen.

1 bedroom with en-suite bathroom.

Unit 5:

Undercover braai area.

Open plan lounge and kitchen.

1 en-suite bathroom.

Unit 6:

Private courtyard.

Sliding door entrance to the lounge.

Open plan lounge and kitchen.

3 bedrooms with built-in cupboards.

2 bathrooms (1 en-suite)

Storage area and parking in the yard, with a carport for 3 vehicles, electric gates, and fruit trees.

Unit 7:

Courtyard and undercover braai area.

Spacious kitchen, dining room, and lounge with a fireplace.

4 bedrooms with built-in cupboards.

3 bathrooms (2 en-suite).

High ceilings.

Unit 8:

Open plan kitchen and lounge.

Courtyard with built-in braai.

2 bedrooms with built-in cupboards.

1 bathroom.

Carport for 2 vehicles and 1 additional parking space.

Commercial Building:

Two units: one is 96.3 square meters and the other is 115.7 square meters.

Potential rental income: R21,200 per month.

Current Rental Income for Living Units: R54,870 per month.

This property offers a fantastic investment opportunity with a substantial monthly rental income and the potential for further income from the commercial space.